According to a new report, published by KBV research, The Global Technical And Vocational Education Market size is expected to reach $1057.4 billion by 2028, rising at a market growth of 8.5% CAGR during the forecast period.
The STEM Education segment acquired maximum revenue share in the Global Technical And Vocational Education Market by Course Type 2021 thereby, achieving a market value of $776.1 Billion by 2028. It is because non-STEM subjects include finance, accounting, fashion, and management, among others. It is a vastly expansive field in comparison to STEM fields and courses. Students enrolled in an academic program other than sciences, computing, engineering, or mathematics at a postsecondary institution.
The Corporate Workers segment has shown the growth rate of 9.6% during (2022 - 2028). Individuals enrolled in vocational programs may also be entitled to a variety of extra-economic benefits as a consequence of the training and practical experience they acquire before graduation. Companies engage in technical and vocational education for their workers to offer a flexible, adaptable work environment that demonstrates the organization's adaptability.
The Offline segment is leading in the Global Technical And Vocational Education Market by Learning Mode 2021, achieved a market value of $544.4 Billion by 2028. The majority of technical and vocational education is skill-based and needs students' attendance. Courses requiring physical presence include welding technique, interior design, and printing technology, among others. Without offline or physical learning, such programs are ineffective.
The Private Institution segment is estimated to grow a CAGR of 9.9% during (2022 - 2028). Through vocational education courses, private institutions supply improved skills and jobs. However, private schools charge far more for vocational education than state institutions. Therefore, individuals seek admittance to public vocational institutions. Don Bosco Private Industrial Training Institute (India), American Northwest College (United States), Bates Technical College (United States), and Bellingham Technical College (United States) are among the private vocational education institutions.
The Europe market dominated the Global Technical And Vocational Education Market by Region 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $354.5 Billion by 2028.The North America market is exhibiting a CAGR of 8% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 9.1% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/technical-and-vocational-education-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Acumatica, Inc., Amazon Web Services, Inc. (Amazon.com, Inc.), Adobe Inc., Articulate Global, LLC, IBM Corporation, TÜV Rheinland AG, Babcock International Group PLC (Scandinavian AirAmbulance), Pitman Training Group Ltd. (Launch Life International, Inc.), The CEGOS Group, and The Center for Professional Advancement (CfPA).
By Course Type
By End User
By Learning Mode
By Organization
By Geography
Companies Profiled
Unique Offerings 
